Subject: File No. S7-24-15
From: Gary Ferguson

March 11, 2020

American capitalism is based on the notion of freedom of expression.

This freedom should extend to freedom to prevent markets from running up unnecessary risks.

Leveraged and Inverse etf's allow investors to protect their assets against mistakes made by politicians, unethical businesses and countries with excessive power.

An overnight decision can wreck an investors portfolio, but having inverse etf's and other shortable positions enables the individual investor to cushion their life's savings against plundering by unethical politicians and the establishment.

We are all just trying to get ahead. Removing this capability creates a much larger risk to the market then having it available.

I could not trust a market where ability to use Inverse leveraged instruments is not available.